What Is the Stopping Rule for Choosing One's Years of Schooling

question 21

Multiple Choice

What is the stopping rule for choosing one's years of schooling?

• A) end one's schooling when the return from more schooling is zero
• B) end one's schooling when the cost of one more year of schooling is zero
• C) end one's schooling after college
• D) end one's schooling when the rate of return to one more year of schooling equals the worker's rate of discount
• E) end one's schooling when the worker's rate of discount equals zero

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Definitions:

Influenced By Experiences

Being Influenced By Experiences refers to the way direct encounters or interactions shape one's attitudes, behaviors, and understanding of the world.

Self-reward

A process where individuals give themselves a reward or positive reinforcement upon achieving a goal or completing a task.

Behaviourism

A psychological theory that studies observable behavior as the primary source of scientific information, disregarding the importance of mental states.

Objectively Observed

A manner of observation that is based on unbiased facts and evidence, devoid of personal feelings, interpretations, or prejudice.